Replies to post #1545 on Houston American Energy Corp (HUSA)

[sbc357]

Thank You. I was pretty sure that it was not just in the "wait and see" stage.

[~ Blue ~]

HUSA partner with GLFE on 1 concession GLFE holds 7 oil concession
it is not a big deal they can give back and take their money back to develop other concessions.. HERE DETAILS.


GLFE oil and gas assets in Colombia and Peru

~~~~~~~~~~~~~~ COLOMBIA ~~~~~~~~~~~~~~~

----Block CPO-4 (12.5% non-operated WI)
•345,592 gross acres (43,200 net) in Llanos Basin
•Operated by SK Innovation

http://gulfunitedenergy.com/projects/block-cpo-4

----Block SSJN-5 (40% non-operated WI)
•570,452 gross acres (228,181 net) in Lower Magdalena Valley
•Operated by SK Innovation

----Block VIM-2 (50% non-operated WI)
•148,513 gross acres (74,256 net) in Lower Magdalena Valley
•Operated by SK Innovation

~~~~~~~~~~~~~~~ PERU ~~~~~~~~~~~~~~~

---Block Z-46 (40% non-operated WI)
•2,803,411 gross acres (1,121,364 net) in Trujillo Basin
•Operated by SK Innovation

http://gulfunitedenergy.com/projects/block-z-46

---Block 24 (5% non-operated WI)
•220,909 gross acres (approximately 80,000 offshore)
•Operated by Upland Energy

http://gulfunitedenergy.com/projects/block-24

---TEA I, II, III, IV (2% non-operated WI)
•Comprises 38,864,977 gross acres
•Onshore, western flank of Andes
•Operated by Upland Energy

http://gulfunitedenergy.com/projects/tea-i-iv

FOR DETAIL CHECK THIS PRESENTATION http://gulfunitedenergy.com/data/uploads/investors/presentations/glfe-8-12a.pdf

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3) GLFE Total oil Asset 30 million dollars

Total liabilities 11 million dollars

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8926231

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GLFE~~ $25 Million Equity Financing, 30 CENTS PER SHARE

GLFE is pleased to announce the closing of a $25 million private placement, consisting of the sale of approximately 83 million shares of common stock to seven institutional investors at a purchase price of $0.30 per share. Pritchard Capital Partners, LLC acted as the exclusive placement agent in connection with the private placement.
The Company intends to use the proceeds from the financing to fund its exploration activities in Colombia and Peru and for general working capital purposes.
John B. Connally III, Gulf United’s Chairman and Chief Executive Officer, commented, “The closing of this funding represents a big step forward for Gulf United Energy, and provides us with the operational and financial flexibility to drive Gulf United Energy through its next phase of drilling and corporate development.”

http://gulfunitedenergy.com/news/gulf-united-energy-announces-closing-of-25-million-equity-financing/

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